Action 13.
Regular Board of Supervisors Meeting
Human Resources
- Meeting Date:
- 03/13/2018
- Title:
- CCT Benefits and Rates
- Submitted By:
- Kelley Jones, Human Resources
- Department:
- Human Resources
Presentation:
PowerPoint
Recommendation:
Approve
Document Signatures:
BOS Signature NOT Required
# of ORIGINALS
Submitted for Signature:
Submitted for Signature:
0
NAME
of PRESENTER:
of PRESENTER:
Ed Gilligan
TITLE
of PRESENTER:
of PRESENTER:
County Administrator
Mandated Function?:
Not Mandated
Source of Mandate
or Basis for Support?:
or Basis for Support?:
Docket Number (If applicable):
Information
Agenda Item Text:
Approve the funding for the proposed schedule of benefits and rates adopted by the Cochise Combined Trust for fiscal year 2018-2019.
Background:
Cochise County has been a participating entity in the Cochise Combined Trust (CCT) since July 1, 2002. The Cochise Combined Trust has been administered through Erin Collins & Associates.
On January 26, 2018 at their annual planning meeting, the CCT board voted unanimously to approve and adopt the FY 2018-2019 CCT annual schedule of benefits and rates.
Based on the information received from the Trust administrators, the Trust performed well financially this past plan year and current trust reserves are at $6,459,126. For FY 2018-2019, the CCT will experience increased administrative fees an average of $14 per member per month. Despite this increase, the County portion of the CCT budget will decrease overall in FY 2018-2019 based on the number of plan participants.
More information regarding FY 2018-2019 benefit changes are listed in the attachment.
On January 26, 2018 at their annual planning meeting, the CCT board voted unanimously to approve and adopt the FY 2018-2019 CCT annual schedule of benefits and rates.
Based on the information received from the Trust administrators, the Trust performed well financially this past plan year and current trust reserves are at $6,459,126. For FY 2018-2019, the CCT will experience increased administrative fees an average of $14 per member per month. Despite this increase, the County portion of the CCT budget will decrease overall in FY 2018-2019 based on the number of plan participants.
More information regarding FY 2018-2019 benefit changes are listed in the attachment.
Department's Next Steps (if approved):
The County's open enrollment process will commence April 1, 2018 through April 30, 2018. Employees will be notified of these changes during open enrollment. Changes will be effective July 1, 2018.
Impact of NOT Approving/Alternatives:
The County will not have budgetary approval to fund the fiscal year 2018-2019 schedule of benefits.
To BOS Staff: Document Disposition/Follow-Up:
None.
Fiscal Impact
- Fiscal Year:
- One-time Fixed Costs? ($$$):
- Ongoing Costs? ($$$):
- County Match Required? ($$$):
- A-87 Overhead Amt? (Co. Cost Allocation $$$):
- Source of Funding?:
Fiscal Impact & Funding Sources (if known):
No budgetary increase for FY 2018-2019.